ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Consider again Steve: Steve collects old synthesizers. One he bought a few years back for $3000 he's decided to sell. Over the time he owned it, Steve did $250 in repairs and renovations. In preparing to sell the synthesizer, he's told by a source he considers 100% reliable that he could sell it for $3250 as it currently is. If, however, he is willing to pay $400 for some additional cosmetic repairs, he's told he could definitely get $3800 instead. Steve repair the synth before selling because marginal cost is than marginal benefit. O should not; greater O should; less O should not; less O should; greater MacBook Air 吕口 F3 F4 F5 F6 F7 F8 2$ & 4 8 9. R Y 6
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Transcribed Image Text:Consider again Steve: Steve collects old synthesizers. One he bought a few years back for $3000 he's decided to sell. Over the time he owned it, Steve did $250 in repairs and renovations. In preparing to sell the synthesizer, he's told by a source he considers 100% reliable that he could sell it for $3250 as it currently is. If, however, he is willing to pay $400 for some additional cosmetic repairs, he's told he could definitely get $3800 instead. Steve repair the synth before selling because marginal cost is than marginal benefit. O should not; greater O should; less O should not; less O should; greater MacBook Air 吕口 F3 F4 F5 F6 F7 F8 2$ & 4 8 9. R Y 6
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